GST Notifications Manual(Simplified)



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List of Services Exempted under GST

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The GST Council in its meeting on 19th May 2017 finalised the list of services exempted from the levy of Goods and Service Tax (GST). Most of the Service Tax Exemptions had been gathered and the list of Services Exempted under GST has been formed. The list of Exempt Services under GST basically is the combination of the the existing Services Tax Law Exemptions as per Mega Exemption 25/2012 and Negative list Services as per Section 66D of the Finance Act 1994.  Here is the list of some Exempted Services under GST: Services provided by the Goods and Services Tax Network (GSTN) to the Central Government or State Governments/Union Territories for implementation of Goods and Services Tax (GST) Services by Reserve Bank of India Services by way of renting of residential dwelling for use as residence Services by way of transportation of goods              (i) by road except the services of—           ...
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Types of Assessments under GST

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Legal Suvidha,Compliance Solution Providers Meaning of Assessment As per Section 2(11), Assessment means determination of tax liability under Goods and Service tax Act (GST) Act. Types of Assessment under GST: ·          Self-assessment ·          Provisional assessment ·          Summary assessment ·          Scrutiny Assessment ·          Best judgment assessment Ø   Assessment of Non-Filers of Return Ø   Assessment of Unregistered Persons Self Assessment Every person registered under the Act shall himself assess the tax payable by him for a tax period and after such assessment he shall file the return. Provisional Assessment As a taxpayer has to pay tax on self-assessment basis but he may request the proper officer for paying tax on pro...
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All about Aggregate Turnover under GST

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The aggregate turnover has been defined in section 2(6) of the Act as follows:  "aggregate turnover"  means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;  The analysis of definition for computing aggregate turnover is discussed below:  (1) Turnover of all products - It is evident from definition that turnover of all the supplies whether taxable supplies, exempt supplies and exports should be aggregated to compute the limit of Rs.20 Lakhs or Rs.10 Lakhs. (2) Turnover on basis of  PAN - It is further provided that the aggregate turnover of person having Permanent Account Number (PAN) will be computed on PAN I...
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